iShares MSCI South Africa ETF (NYSEARCA:EZA) Short Interest Update

iShares MSCI South Africa ETF (NYSEARCA:EZA) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 307,048 shares, a decline of 37.7% from the May 31st total of 492,775 shares. Based on an average daily volume of 282,336 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.9% of the shares of the stock are sold short.

Institutional Trading of iShares MSCI South Africa ETF

Hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new stake in shares of iShares MSCI South Africa ETF during the 2nd quarter worth approximately $5,138,000. Barometer Capital Management Inc. purchased a new position in shares of iShares MSCI South Africa ETF in the third quarter valued at $320,000. One Capital Management LLC grew its holdings in shares of iShares MSCI South Africa ETF by 0.9% in the third quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock valued at $1,799,000 after purchasing an additional 260 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares MSCI South Africa ETF by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 883,389 shares of the exchange traded fund’s stock worth $56,625,000 after purchasing an additional 147,200 shares during the last quarter. Finally, Trium Capital LLP bought a new stake in iShares MSCI South Africa ETF in the fourth quarter worth $6,578,000.

iShares MSCI South Africa ETF Trading Up 2.0%

Shares of NYSEARCA:EZA traded up $1.27 during mid-day trading on Thursday, reaching $64.00. The stock had a trading volume of 167,404 shares, compared to its average volume of 311,641. The business’s 50 day moving average price is $67.52 and its 200 day moving average price is $70.32. iShares MSCI South Africa ETF has a 1 year low of $52.74 and a 1 year high of $81.75. The company has a market cap of $563.20 million, a P/E ratio of 14.34 and a beta of 0.75.

iShares MSCI South Africa ETF Company Profile

iShares MSCI South Africa ETF, formerly iShares MSCI South Africa Index Fund (the Fund), is an exchange traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the South African market, as measured by the MSCI South Africa Index (the Index). The Index seeks to measure the performance of the South African equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.